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Incorporated Societies Act 2022

Removal from register, amalgamation, liquidation, and other processes - Removal from register

176: When society may request removal

You could also call this:

"When a society can ask to be removed from the register"

Illustration for Incorporated Societies Act 2022

You can ask to remove a society from the register if it has stopped operating and paid all its debts. You can also ask if the society has no extra assets after paying its debts and no one is asking the court to liquidate it. You must make the request in the way set out in the regulations. You need to follow the rules when making the request. The request is made under section 175(1)(a) and you can find more information about this in the section 175(1)(a) and subpart 4 of the Act. The regulations will tell you how to make the request.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS254737.

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Topics:
Business > Industry rules
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175: Grounds for removal from register, or

"When a society can be removed from the register"

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Part 5Removal from register, amalgamation, liquidation, and other processes
Removal from register

176When society may request removal

  1. A request under section 175(1)(a) may be made on the grounds—

  2. that the society has ceased to operate, has discharged in full its debts and liabilities to all its known creditors, and has distributed its surplus assets in accordance with its constitution and this Act; or
    1. that the society has no surplus assets after paying its debts and liabilities in full or in part, and no creditor has applied to the court under subpart 4 for an order putting the society into liquidation.

      1. A request must be made in the manner prescribed by the regulations (if any).

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